Self-employed Canadians seeking a mortgage should be aware of key requirements to improve their chances of approval. Many financial institutions offer mortgages to self-employed individuals with established businesses and acceptable financial statements. Basic requirements include credit history, confirmation of funds, and details on debts. Self-employed applicants must provide additional documentation, such as financial statements and tax returns. A good credit score can enhance the application process, and pre-approval can clarify qualification amounts and necessary documentation.
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